Charlotte Real Estate in 2023 | What is Months of Inventory?

Months of Inventory (or MOI) in real estate is the number of months it would take to sell all homes listed at the current pace of sale. It's just one of the ways we understand if the market is balanced, or favorable to either buyers or sellers.

A six-month inventory is generally considered a "balanced market". In this case supply is equal to demand, and neither party has a significant advantage. Under 6 months is considered a sellers market, properties are moving fast. And over 6 months favors buyers who then have more choice.

In the Charlotte market we saw MOI's of 1.4 and 1.1 in January and February respectively. If you've been thinking about selling your home or investment property - now is the time.

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